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BIL 021 Draft 01 2022-2024
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BIL 021 Draft 01 2022-2024
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Entry Properties
Last modified
3/31/2023 9:09:35 AM
Creation date
1/27/2023 9:30:46 AM
Metadata
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Template:
Bill/Resolution
Bill/Resolution - Type
BIL
Bill/Resolution - Council Term
2022-2024
Bill/Resolution
021
Draft
01
Introducer
Matt Kaneali'i-kleinfelder, Council Member
Referred To
FC
Action 1
FC-22: Recommended passage on first reading - 2/7/23.
Action 2
Council: Bill 21 passes first reading; adopts FC-22 - 2/22/23
Action 3
Council: Bill 21 passes second & final reading - 03/08/23
Status
Adopted
Date To Mayor or Adoption Date
3/16/2023
Reading Number
1
Reading Date
2/22/2023
Ayes
7-Evans, Galimba, Inaba, Kagiwada, Kierkiewicz, Kimball, Villegas
Noes
0
Absent
2-Kaneali'i-Kleinfelder, Lee Loy
Excused
0
Reading Number .
2
Reading Date .
3/8/2023
Ayes .
9-Evans, Galimba, Inaba, Kagiwada, Kaneali'i-Kleinfelder, Kierkiewicz, Kimball, Lee Loy, Villegas
Noes .
0
Absent .
0
Excused .
0
Document Relationships
AGE COUNCIL 2023-02-22 2022-2024
(Related To)
Path:
\Council Records\Agendas\2022-2024\Council
AGE COUNCIL 2023-03-08 2022-2024
(Related To)
Path:
\Council Records\Agendas\2022-2024\Council
AGE FC 2023/02/07 (2022-2024)
(Related)
Path:
\Council Records\Agendas\2022-2024\Finance Committee (FC)
COM 0083.000 2022-2024
(Related)
Path:
\Council Records\Communications\2022-2024
ORD 2023-031 2022-2024
(Related To)
Path:
\Council Records\Ordinances\2023
REP FC 022 2023/02/07 2022-2024
(Related)
Path:
\Council Records\Reports\2022-2024\Finance Committee (FC)
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3 <br /> SECTION 6. Execution and Form of Fully Registered Bonds. The Bonds of a series shall be <br /> 3 <br /> lithographed, steel engraved, typewritten, printed or in other reproduced form as the Director of Finance may <br /> i <br /> determine. The Bonds of a series shall bear the manual or facsimile signatures of the Director of Finance and of <br /> the Mayor of the County, and shall also bear the seal of the County or a facsimile of such seal. The Director of r <br /> Finance may provide for the Bonds of a series to be issued in and effect a book-entry system for such Bonds. I <br /> The Director of Finance may prepare such number of blank Bonds of any series executed and sealed as aforesaid <br /> i <br /> as she shall determine and deliver such executed blank Bonds to the registrar for such series for safekeeping prior <br /> to the time such Bonds are actually issued, exchanged or transferred. The Director of Finance shall direct the <br /> registrar for the Bonds of a series to register and authenticate such Bonds and no such Bond shall be valid or <br /> i <br /> obligatory for any purpose unless and until the certificate of authentication endorsed on such Bond shall have <br /> been manually executed by such registrar;provided that a certificate of authentication shall not be required for <br /> any Bond if the Director of Finance is the registrar and if such Director has manually signed the Bond in <br /> question. <br /> The Bonds of a series shall be designated and the form of such Bonds, including the registrar's <br /> certificate of authentication (if required) and the assignment, shall be substantially in the form of general <br /> obligation bonds heretofore issued by the County with such insertions, variations and omissions as are required <br /> with respect to a particular series of the Bonds,book-entry provisions,variable rate provisions or other provisions <br /> as the Director of Finance may determine. <br /> SECTION 7. Sale of Bonds. Without any further authorization or approval from or action by <br /> the Council but subject to the provisions hereof and of applicable law, the Director of Finance is hereby <br /> authorized to issue and sell the Bonds in their entirety at one time, or from time to time in two or more separate <br /> series, or as part of a series of other general obligation bonds of the County,at competitive sale or at negotiated <br /> sale to qualified purchasers in accordance with Section 47-8,Hawaii Revised Statutes,as amended,in each case <br /> at such price or prices and upon such terms and conditions as she shall approve and determine to be in the best <br /> interest of the County. Without limiting the generality of the foregoing, with respect to the sale of the Bonds or <br /> of portions of the Bonds, the Director of Finance is hereby authorized to retain bond counsel, paying agents, <br /> registrars and financial and accounting consultants,upon such terms and conditions as she shall deem advisable, <br /> to select the date for such sale,to publish and distribute a Notice of Sale or to enter into a negotiated contract for <br /> the sale of the Bonds or portions thereof, in each case in such form and containing such terms and conditions as <br /> she shall approve and deem advisable,to distribute an Official Statement and such other information relating to <br /> the County and the Bonds as she may deem advisable, to receive bids for the sale of the Bonds or the portion <br /> 3 <br />
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